Following Binance’s announcement that it is exploring various avenues to secure the release of its executive, Tigran Gambaryan, from jail in Nigeria, CEO Richard Teng emphasized at the TOKEN2049 conference that the company is working around the clock to ensure Gambaryan’s release.
“We have repeatedly appealed to the Nigerian government to release Tigran so that he can go home and receive the proper medical treatment he needs,” Teng said in an interview with Cointelegraph at the Token2049 conference in Singapore on Sept. 19.
“There’s no reason to hold our staff. He is being held unjustly and unfairly,” Teng added.
“It is distressing for all of us,” he continued. “Especially for the families. For us at Binance, this is a top priority. We have a task force internally working around the clock, exploring different avenues from legal to political.”
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Richard Teng further announced that Binance’s internal task force is making extra efforts to seek Gambaryan’s release through legal or political means. These efforts are supported by 12 U.S. politicians who have called on President Joe Biden, Secretary of State Antony Blinken, and the Presidential Envoy for Hostage Affairs, Roger Carstens, to prioritize Gambaryan’s case.
On Sept. 18, Gambaryan’s mother, Knarik Gambaryan, also urged U.S. authorities to intensify their efforts.
Despite these challenges, Teng expressed optimism about Binance’s continued role in the adoption of cryptocurrencies in Nigeria. Currently, Nigeria is the second-largest country in the world for cryptocurrency adoption after India, accounting for 32% of the country’s crypto transactions through Binance.
As events unfold, the global crypto community remains eager for Gambaryan’s release and for Binance’s further solidification in Nigeria.
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